A currency options primer by Shani Shamah

By Shani Shamah

Store your funds and purchase "Foreign alternate: a pragmatic consultant to the FX Markets" by way of Tim Weithers as an alternative. That booklet covers the most content material of this ebook in a single bankruptcy and does so in a way more readable way.

Note that either one of those books would truly simply be helpful to novices to the FX markets. expert investors may still most likely bypass either titles.

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Is paid in advance but not yet incurred d. Occurs only with the cash basis of accounting 9. Which of the following is not one of the inventory classifications that a manufacturing business will have on its manufacturing statement? a. Overhead b. Raw materials c. Work in process d. Finished goods 53 54 Financial Statements Demystified 10. Earnings per share: a. Is calculated for all forms of business (sole proprietorships, partnerships, and corporations) b.

More detailed reporting of sales revenue may be necessary when significant or material amounts of merchandise are returned by customers or when cash discounts are taken by customers for early payment on account. 6. 6 Net Sales Revenue Detail Sales Revenue Gross Sales Revenue Less: Sales Returns and Allowances Sales Discounts Net Sales Revenue $900,000 $80,000 20,000 (100,000) $800,000 The Income Statement In this example, gross sales revenue represents the total sales of the company for the year.

GAAP is not carved in stone, and as circumstances change or new business transactions evolve, GAAP will change. We will be explaining GAAP to you throughout this book, for example, in Chapter 3 when we discuss how to compute earnings per share on the income statement. In that instance, you will notice that GAAP can be fairly specific; you also will find that GAAP can provide broad guidelines, such as the revenue recognition principle and the matching principle. Quiz for Chapter 2 1. Which of the following is one of the qualitative characteristics of financial reporting?

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